Relationship between Financial Liberalization and Economic Growth in Emerging Economies: The Case of Vietnam
This paper examines the process of financial liberalization in Vietnam over the period from 1993 to 2013. On adopting Vector Error Correction Model (VECM), the results suggest that there is a long-term relation between economic growth and financial liberalization, in which the financial market liber...
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| Główni autorzy: | , , |
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| Format: | Artykuł |
| Język: | English |
| Wydane: |
University of Economics Ho Chi Minh City
2023
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| Dostęp online: | http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=91478dc1-3b6b-48b6-939a-52ba16e99173 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115490 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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| Streszczenie: | This paper examines the process of financial liberalization in Vietnam over the period from 1993 to 2013. On adopting Vector Error Correction Model (VECM), the results suggest that there is a long-term relation between economic growth and financial liberalization, in which the financial market liberalization and financial services liberalization provide better support during the growth of Vietnam’s economy. In addition, using various techniques including Granger causality test, impulse response analysis, and variance decomposition, the paper also clarifies the motives for financial liberalization from the process of short-term financial development and economic growth in the country. |
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